Guideline Value for Cholapuram 4th Street

Cholapuram 4th Street guideline value

The current guideline value of Cholapuram 4th Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and falls under the Residential Class III Type - II land classification.

How the guideline value of Cholapuram 4th Street has changed

The guideline value for Cholapuram 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which then decreased to Rs 1,541 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,300 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a significant decrease of 33%. However, the value saw a substantial increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Cholapuram 4th Street's 2024 guideline value is below this median.

• Cholapuram 3rd Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 5th Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 2nd Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 6th Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 1st Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 7th Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Cholapuram 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, resulting in a total cost of Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cholapuram 4th Street?

The Cholapuram 4th Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ambattur

The guideline value is a crucial factor in property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is in accordance with government regulations.

When registering a property, buyers must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Cholapuram 4th Street?

The current guideline value of Cholapuram 4th Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then back to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,500 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Cholapuram 4th Street?

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000, and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which Sub Registrar Office covers Cholapuram 4th Street?

The Ambattur Sub Registrar Office covers Cholapuram 4th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What is the land classification for Cholapuram 4th Street?

Cholapuram 4th Street falls under the Residential Class III Type - II land classification.